Next Breakout coming ZGNX ZGNX after some good news had an explosive move into the 30s. we have a solid break of its range now. think we can start the next leg here.
Markets
EUR/USD SELL - 06/10/2017
On Thursday, the euro showed a rapid fall and finally the price left the consolidation down. Now a large accumulation of volume, which is concentrated in this range, acts as a resistance. The breakout movement was sharp and on fairly large volume, which is an excellent bearish signal. It is also worth highlighting a new resistance level 1.1716 - 1.1732, in which significant volume is concentrated. Given all of the above factors, short positions on EUR/USD look the most interesting scenario for trading. Sales should be opened after the resumption of the price fall, it is desirable that the downward movement should be on increased volume. This will be another confirmation that the breakdown of consolidation was not false. A stop loss should be placed a little above the resistance level. The first goal is 90-100 points, the second - 180 points.
The bottom line: short positions are in priority
SQ swingtrade ideaSQ nice consolidation after flat top breakout last month. we have now been in range for last 3 weeks breaking over the 29 spot. if we can close above 29 think this can be a multi day hold with a 1 dollar stop.
Ripple is the new EtherWhat we've seen the past few days from Ripple is a sustained reversal pattern since the all time lows of 0.12
There is renewed interest for this cryptocurrency and potential break from that 0.2 resistance. The downside is very limited.
But you should always place stops regardless.
Trade safe Trade well. Peace
Looking at Bitcoin & pointing for Major support areas for priceFibs and support working together providing high reward low risk setups.
Before taking a trade, always determine the risk/reward.Before taking a trade, always determine the risk/reward ratio and ask yourself if is it even worth taking a trade is risk is higher than reward.
#Soybeans reacting @ 6M DZ creatign new W DZ..Long we go!6M DZ in control, W downtrend broken, new W Dz creating, with positive Priceaction for Bulls, with Engulfing Patterns..long Bias till 10.700-11.000
How to Make Money in Crypto MarketsIf you read this post, it means that probably you are interesting in making money in the crypto markets. You want to trade cryptocurriences and multiply your investments. But do you really think that it's easy? The cryptomarkets open for everyone great opportunities, but you must have some skill for conversion these opportunities into real money. If you think that everyone can make stable profit just buying coins and holding them for long term, I should tell you that you are wrong. You can face with troubles which can beat you and your deposit. And what should you do for avoiding such cases? The answer is very simple - you must know how to trade and manage your money properly. You must have knowledge, trading strategies and an accurate trading plan for making money in long term. You must have discipline for following your trading plan day by day. Only in such way you can expect safe and profitable trading. But I see a great number of novice traders who know nothing about proper trading. They make all possible mistakes. Buying on tops and selling on bottoms it can give you some fun and a lot of emotions. But if you want to make money you must trade in other way. I advice all novice traders think about their trading. Ask yourself, are you ready for real trading? Do you have everything for proper trading or not? Do you have understanding how the markets move? Do you know when you have to buy and when to sell? Do you know how to manage your money properly? If you don't have answers for these questions, you should stop your trading on real money. You have to start learning the theory and start working under your trading plan. You must note that without these components of successful trading you can't make stable money in long term. I advice you to start trading in the crypto markets in right way from the very beginning. While you learning and searching for suitable strategies, you can use trading bots or trading signals as a variant of trading. It will allow you trade in the crypto markets safely and gain experience. I wish you good luck!
Bat pattern indicating drop to come on GOOGLEHere we can see a reliable cypher pattern heading for resistance at the fibb .382 and previous resistance level. Price is slightly overbought as seen with RSI and stochastic. If I were a betting man I'd say we're going to see a drop here very soon.
Spinning top on Dow daily and weekly chart Volumes have been low for quite some time now, Reuters Lippers data for the week ended June 7 showed increased flows into US treasuries and global bonds.
Spinning top signals bullish exhaustion… needs a bullish follow through… that would confirm a short-term top has been made. A bearish follow through on the weekly chart would open doors for a bigger correction.
AMAZON BREAKOUT: Super positive for marketsAMAZON: AMZN This stock has just broken out above a restraining parallel that's always held Amazon back for the last 3 years. Today it gapped through it. It's super-bullish for Amazon stock holders and super bullish for all markets too in the near term.
NOW THIS IS OVEREXTENDEDThis chart is based purely on technicals from the crash in '87.
I'm amazed how consistently markets "mean revert".
With no consideration of fundamentals, I think the over extension is happening because of the over correction in '08.
No matter how you look at it though, the next crash will be bad regardless of when it happens.
VRC/BTC Poloniex 2HBouncing off the upwards trending bottom of the channel on sunday/monday however velocity was low. There is a potential down-side channel forming Leading to support Level 1 (Yellow Channel), and current resistance short term seems to me just below the weekly pivot @ 7189. This could be another good entry for an R2 Breakout like what happend on the 10th. R2 sits this week at 10,500.
The charting also seems to show a similar yet smaller duplication of price action from the 7th threw the 10th (pre break out) On the tenth R3 was hit on a wick. This weeks R3 = 12,100.
Personally I do not see it likely that a run to R3 this week is a plausible case. Reasoning: The 1st trip to R3 on the 10th was VERY short lived with multiple wics encountering heavy resistance. R2 seems to have been met with candle bodies 5 times in that four day period. If this is an uptrend (Still needs to be confirmed) that resistance may become a new support level, which would be above the weekly pivot.
In addition a wedge is also being formed (Green Line A & Blue Line B) Traders love their wedges and we are on what appears to be the bottom of that wedge. It may be a decent bit of price action to play the wedge aswell.
If line A breaks significantly, this could go into a longer term down trend for consolidation at much lower levels. Green Line A is 100% critical.
As Always, this is NOT a forcast. I am NOT a professional, nor am I a market maker. This is simply my personal idea shared.
YOU TRADE at your own risk!
S&P 500 trading within triangle SPX is trading tightly withing triangle- we might see bears wake up if it breaks the uptrend support.
Bank Nifty - Monthly RSI suggests potential for further rallyThe index could extend gains to a high of 21890 as the monthly RSI is pointing upwards, but more importantly is yet to hit the overbought territory. This also suggests any weakness could be bought into.
AUDUSD / 4HR / BAT PATTERNPAIR: AUD/USD
TTF: 4HR
TRADE: BAT PATTERN
NOTE: These are potential Trade opportunities based
on my own personal Analysis.
Thank you,
Star Prosper
Philip Stewart
Dax to 10500 this week! Dax is going to face 10500 until the end of this week, probably during the first part of it. The bearish movement could begin from 10700. The Equity is extremely short from this levels and with this weekly pattern
If Trump winsIf trump wins I expect a market crash, around -8% from the current index price to summer 2015 lows, around 1920. To enter a short position though, I will wait for the MACD on weekly to send a sell signal, at which point the loss for the markets could extend further than 8%. I will make sure to keep an eye on 200DMA because a new president means that many long-term investors will be shifting their portfolio composition.
$DXY Forecast based on First 100 Days in OfficeA Trump victory would help support my bias toward A major market correction, caused by the fed raising rates far beyond the 50bp increments that has been talked up in the past.
I do believe A major correction is due. but the owners need a Scapegoat.
A Clinton victory, in my opinion, is already priced into the global marketplace.
Either way, on November 8th, I expect the DXY to clear out any liquidity at 88/100 figures
DAX Short on the short-medium term From 10280-380 area there was a very good price area that could be considered as a BULL area. The problem is that this movement was denied in area 10800. Now this area is to be considered as a Short area, because of the non-performance of the Long movement from 10380
The 3 targets are: 10380, 10270 and then 10100
SELL THE USDJPYSince the price at Resist level,my thought will sell the stocks of goods and hold the price until end of this week.
